In Hong Kong, Hang Seng Index ended down by 297 points, or 2.26%, at 12,833. The index, which opened higher at 13,157, declined further in early trading. After the first hour of trading, the selling pressure waned, resulting in sideways movement until late trading, when intensification of the selling pressure sent the index sharply lower. At the close of trading, the index was down 297.41 or 2.26% at 12,834.
In South Korea, KOSPI Index, having opened 3 points higher from previous close of 1,161, traded in positive territory throughout the day in a narrow range of 1,163 to 1,180 amid alternate bouts of buying and selling, and finally ended up 9 points, or 0.74% at 1,172.
Among the other major markets, China's Shanghai Composite Index ended higher by 15 points, or 0.68% at 2,281, Indonesia's Jakarta Composite Index advanced by 19 points, or 1.44% at 1,361, and Singapore's Strait Times Index gained 12 points, or 0.76% to 1,597. Taiwan's Weighted Index lost 74 points, or 1.48%, to close at 4,962.
My trading on last week (March 16-20, 2009):
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JPRS : HOLD
SMMA : HOLD
LTLS : HOLD
MIRA :
Chart Pattern: Dragonfly Doji
Previous Trend: Up Trend
Trading: wait for close price lower then 660 for confirmation sell
My watchlist on this week:
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UNVR
Chart pattern = White Marubozu
Previous Trend = Side Ways
Recomendation = Wait for close price greater then 8150 for confirmation buy.
TLKM
Chart Pattern: White Marubozu
Previous Trend: Side Ways
Recomendation: Wait for close price greater then 7100 for confirmation buy
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